Discover Buenos Aires

Fires Burn Over 1,200 Acres In Argentina [LAHT]
A state of emergency has been declared in Argentina’s Tierra del Fuego province, where more than 500 hectares (1,234 acres) of forest have been scorched by several fires, forcing the evacuation of dozens of people, officials said Sunday.
Argentine automakers to sell at cost, protect jobs [Reuters]
Argentine automakers will [...]

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We reported that the Argentine peso was expected to fall to $3.80 against the dollar, and it continues to head that way - even with the government spending nearly $1 billion today to prevent it. The peso fell to 3.44 per dollar at one point today before finally closing at 3.39 to the dollar. This [...]

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Bloomberg is reporting that Argentina may ease its defense of the peso, and take a one time devaluation to $3.80 per dollar from $3.208 today. (It’s already slid 5 percent since August 1.) They had originally predicted that the government may simply let it fall through gradual depreciation, but the new measure may come up as a [...]

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Reuters is reporting that the Argentine peso has shrunk to its lowest level against the dollar in 5 1/2 years.  The peso slid 2.39 percent to 3.315/3.320 per U.S. dollar, its lowest point since January 2003. The peso has slid 4.65% this year so far.
So, the American economy tanks and the dollar gets stronger. I [...]

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Now that we’re here, we’ve been taking a look at what the best way to pay for things is - cash or credit?  We’e found that:

using our Citibank Visa, we’re getting AR $2.9517 to the U.S. dollar after fees are calculated.
using our Schwab ATM card we’re getting AR $3.0436 to the U.S. dollar with no ATM fees.
when [...]

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